NASSIM TALEB ~ THE TEN PRINCIPLES FOR A BLACK-SWAN-ROBUST SOCIETY ~ THE BLACK SWAN ~ 2017

~ WIFSBE-WISS-NSEB-TBTF ~ What Is Fragile Should Break Early – While It’s Still Small – Nothing Should Ever Become – Too Big To Fail

~ NSOLAPOG-TWOCAS ~ No Socialization Of Losses And Privatization Of Gains – The Worst Of Capitalism And Socialism

~ DLSMA-‘I’-B-MANP-O-YFR-NIWD-CIARAP-NJR ~ Don’t Let Someone Making An – “Incentive” – Bonus – Manage A Nuclear Plant – Or – Your Financial Risks – No Incentives Without Disincentives – Capitalism Is About Rewards And Punishments – Not Just Rewards

~ CCWS ~ Compensate Complexity With Simplicity

~ DNGCDS-EITCWAWL-CFPNTBBBNUT-A-FARETKI ~ Do Not Give Children Dynamite Sticks – Even If They Come With A Warning Label – Complex Financial Products Need To Be Banned Because Nobody Understands Them – And – Few Are Rational Enough To Know It

~ OPSSDOC-GSNNT-‘RC’ ~ Only Ponzi Schemes Should Depend On Confidence – Governments Should Never Need To – “Restore Confidence”

~ DNGAAMDIH[/S]HWP-TDCINATP-IASO-WNR ~ Do Not Give An Addict More Drugs If He[/She] Has Withdrawal Pains – The Debt Crisis Is Not A Temporary Problem – It’s A Structural One – We Need Rehab

~ CSNDOFAAAROV-A-SNROF-‘E’-AFTR-ELSBD ~ Citizens Should Not Depend On Financial Assets As A Repository Of Value – And – Should Not Rely On Fallible – “Expert” – Advice For Their Retirement – Economic Life Should Be Definancialized

~ MAOWBE-LUMVIAREBHWNTBBBOIO-PBWTB ~ Make An Omelet With Broken Eggs – Let Us Move Voluntarily Into A Robust Economy By Helping What Needs To Be Broken Break On Its Own – Putting Bankers Where They Belong

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